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What’s the Best way to Buy a Car?

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JP may only be 13 years old, but he sure does have an excellent grasp of what you should be looking at and thinking about when shopping for a new car. Here are the tips he sent in to me recently.

  • Write down a list of what you are going to need out of a car. For example: are you going to be going on long trips frequently, or is it just a car to get around the city? This is very important because you need this information to make the right decision.
  • SURF THE WEB, and then go to two dealers. If you can, pick up a copy of Consumer Reports magazine (or check their website). Check out the safety, performance, and even the comfort level and customer ratings of the car.
  • When you go to the dealer, make sure you get the most out of it. Walk in with a folder with other dealer quotes and online prices so the ball is in your court. Ask for a test drive. Ask to take the car out by yourself, rather than having them drive you. This way you can put the car to it’s maximum performance level, and be sure you are comfortable driving it.
  • If you can, buy the car during Christmas time when everyone is shopping for presents, and the car dealer is left with no one to sell to. This motivates the seller and they will ultimately lower the prices.
  • Don’t let one dealer try to sell you a car from another dealer. There are many problems in this, and it is simply the oldest trick in the book. The dealer will tell you the car is identical. The car will come… and there will be an extra feaature or transportation charge. Heck, you could end up missing important features to you, or getting the wrong style or color. Trust me… don’t let them give you a car from another dealer. If there is no other way out, then ask for the location of the second dealer. Go to that dealer ad posibly buy it from them!

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19 Comments

Pretty easy to buy one… But not the most confortable!

Better buying 2nd hand!

i love buying cars! i do up cars and sell them chris :D

another excellent top list. but the dog just cracks me up. added humour to the videos!

This is exactly how it is too!

I love dogs. I want to get one.

Yahoo! News Search Results for tips

I want an electrical car or one where i could power it off my garbage like in back to the future

100$ cars are soo much better then new cars. there just worth it more

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must have been a kia LOL

Urban Underbrink

March 18th, 2008
at 1:48pm

I agree with all these tips and wish to add that you should not lease or make payments for your vehicle. Best to buy one that is a year old with very few miles.

Two years ago I decided to try buying a car totally online. I researched the cars I was interested in and went out to test drive them. Having narrowed the choice to two different cars, I researched online to determine the actual prices the dealer paid for the car and extra features.

With this information in hand, I went online using the manufacture websites looking for dealers that had the exact car I wanted - being a little flexible on exterior color made it easy. I contacted 6 dealerships online and received 5 quotes within the hour that were within $500 of each other but also pretty good deals. I played one against the other getting a better offer each time until finally, with one day left in the month, I went to look at the cars of the two best offers.

I’d intended selling my old car myself but the two sales people began an online bidding war for my trade-in! Bottom line - according to my research I got $2000 more for my trade-in than I’d have asked for if I sold it myself and I paid just $300 over actual manufacturer cost. And there was none of the pressure or games.

Being online and running it online, the sales people knew I had the facts in front of me and they didn’t try any nonsense at all. And buying at the end of the month probably added to their sense of urgency.

My old Economics teacher taught us a trick, since most if not all dealers are paid on commission, you drag out the sale over a number of days, making it look like you’re really interested, but not too sure you want it, first day, go in looking for a car you like, make sure it’s the one you want, ask to get the test drive and what not, then state that you need more advice from someone that’s more trustworthy, so you say you’re going to bring in someone that can look it over, (let this person be a family member, or a HIGHLY trust worthy friend that knows what their doing.) show up the next day with this family member and have them take a look, still needing to drag out the deal, you state you want to make sure you are certain everything is in order, so you ask a mechanic, Third day, come in with trust mechanic to look at vehicle, if the mechanic actually states all is good with the vehicle (make sure this is your guy and NOT THEIRS!), you prolong the deal for one more day stating that you are unsure if you’ll have enough to cover the payment with your next pay check (over the days the dealer should be dropping the price, by the fourth or fifth day, it should be ridiculously dropped, cause they REALLY want to sell the car and get paid already. If they don’t drop the price at all by the second or third day go somewhere else and try again, normally their not going to budge if they don’t give in soon enough. and if you can, make sure it’s in places where business is pretty bad, but have good cars. (even if the car is expensive, that doesn’t mean it’s not worth the haggling, this is why you test drive, get a family member or friend to look at it and have a mechanic look at it.) Enjoy your new car, at someone else’s expense. LOL

must have been a FORD LOL

thats true but i drive a Acura TL no porbs there (-:

Well, I’ve been purchasing cars for a loong time, and I can only throw in a few comments here. First, you have only 3 choices as to how to acquire a car, Cash purchase, finance or lease. If you want to change cars every 3 years or so, lease is the best way to go. If you are going to keep your car til the wheels fall off, then purchase. If you have the money, pay cash. It’s pretty simple. Leaseing means smaller payments and no equity, but a car is a terrible “investment” so perhaps there’s a better place to put your money such as stocks or a house etc. As to how much you got in trade for your old car, there are ways to make you believe that you got more than it was really worth, so don’t pat yourself on the back if you apparently got several hundred or thousand dollars more than the actual wholesale value. Dealers NEVER give you any more than the wholesale value for your car, PERIOD. Finally, do you know any company that let’s you know the ACTUAL cost of a product that they sell? Not really, so why believe that you paid X dollars over or under the dealer’s ACTUAL cost. It ain’t going to happen unless you own the dealership. While there are any number of sources for “dealer cost” out on the internet and elsewhere, don’t believe them. And if the dealer shows you an invoice, that’s still not ACTUAL cost. There are holdbacks and advertising credits etc. The best way is to shop around, and don’t be afraid to throw a phoney yet reasonable number at a dealer that you can get elsewhere. Dealers know what’s going on, and it’s just a matter of negotiating until you feel that you got the BEST price.

Any American made car actually !!

Unlike Chris, I rely on Consumer Reports and bought my car last May and it has been incredibly reliable (foreign made).

yeah I’ll follow advice from a 13 year old on how to buy a car…NOT!

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